If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________
A) surplus; rise
B) surplus; fall
C) shortage; fall
D) neither a shortage nor surplus; not change
D
Economics
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When banks gain ________, they can ________ their loans; and the money supply ________
A) withdrawals; increase; expands B) reserves; increase; expands C) withdrawals; decrease; expands D) reserves; increase; contracts
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A binary variable is often called a
A) dummy variable. B) dependent variable. C) residual. D) power of a test.
Economics